Caribbean’s Global Competitiveness from a Systemic and Multifactorial Perspective for the Post-Covid-19 Period

International prestige institutions, such as The World Economic Forum, the Institute for Management Development, and the Institute for Industrial Policy Studies, produce competitiveness studies that do not include all Caribbean’s countries. Moreover, some researchers argue that these studies have li...

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Bibliographic Details
Published inInternational journal of global business and competitiveness Vol. 19; no. 1; pp. 14 - 23
Main Authors Castro-Gonzáles, Segundo, Ayala-Godoy, Jairo A., Calderón-Abreu, Theany
Format Journal Article
LanguageEnglish
Published Singapore Springer Nature Singapore 23.01.2024
Subjects
Business and Management
Original Research
Dual double diamond model
O57
Greater Antilles economies
Caribbean countries
O15
R11
Country competitiveness
O19
Y10
P52
O54
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Summary:International prestige institutions, such as The World Economic Forum, the Institute for Management Development, and the Institute for Industrial Policy Studies, produce competitiveness studies that do not include all Caribbean’s countries. Moreover, some researchers argue that these studies have limitations when applied to small economies such as Latin American countries, especially the Caribbean. This research’s objective is to perform a competitiveness analysis focused on the Greater Antilles countries which at best are included in competitiveness analysis as a group of regional countries. This pioneering research presents a regional competitiveness ranking for the Caribbean countries for the trans-Covid-19 period using as framework the Double Diamond Dual Model (DDD). The DDD is a very effective model for evaluating regional countries competitiveness indices since it permits for the determination of both overall competitiveness indices for each country and the determination of the most important factors driving their competitiveness level. The results show that among the Greater Antilles Puerto Rico enjoys a higher overall competitiveness level having better competitiveness levels in three constructs: International Physical Factors, National Human Resources, and International Human Resources. It is only surpassed by the Dominican Republic in the National Physical Factors construct.
ISSN:0973-4619
0976-1888
DOI:10.1007/s42943-023-00089-9